Comments by "SAL" (@SAL-fs1mr) on "Peter Rizun's Lightning Critique: FUD or Fair?" video.

  1. The BCH approach of "just move to using SPV, no more letting widespread full nodes flourish" means you will forever have to trust others for accurate blockchain data and you can no longer be a peer on the peer to peer network. BCH community is so hyperfocused on being "cash" that it is no longer going to be able to be peer to peer.
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  2. Exactly, BTC's fundamentals (at least at the blockchain level) are geared towards being a global sound money.
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  3.  @hitlerinsklo7935  yes you do, spv can't count the total number of bitcoins, so basically, if there is only miners and spv users, then that means all the spv users are trusting the miners to ensure the 21 million coin limit is being enforced. Spv works great is you just want bitcoin to be "cash", but terrible if you think bitcoin is supposed to be sound money.
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  4.  @usercos187  Both systems are more decentralized and censorship resistant than bch. The main developer of bch, Amaury Sechet, is soon going to force the entire bch network to divert 8% of all mined bch to himself, otherwise, those blocks will get censored. If he can do that, then nothing about bch is really censorhip resistant or decentralized.
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  5.  @usercos187  in bitcoin, the price is increasing due to increased demand. Poor people will just used smaller fractions, such as satoshi's, so if doesn't matter if Bitcoin's price is high. It is possible to achieve negligible fees on 2nd layer protocols such as lightning network and sidechains.
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  6.  @usercos187  you are too focused on on-chain fees. Let me just copy and paste from my previous comment for you: "It is possible to achieve negligible fees on 2nd layer protocols such as lightning network and sidechains." For example, I'm using the bitcoin lightning network for transactions, I pay about 5 sats as a fee, so when bitcoin reaches $44,000, that is still a fee of less than half a cent. So it seems pretty clear that cheap fee transactions are achievable without bch, and it seems the market has realized that, which is why bch keeps losing when priced in btc.
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  7.  @voluntarism335  look up Sybil attack, which spv would be susceptible to.
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